S&P 500 Reaches All-Time High of 7,365.12, Surges 1.46% on Iran Peace Optimism

On May 6, the S&P 500 surged 105.90 points (1.46%) to a record high of 7,365.12, while the Nasdaq gained 2.02% to close at 25,838.94 and the Dow Jones added 612.34 points (1.24%) to finish at 49,910.59. Reports suggesting the U.S. and Iran are nearing a preliminary agreement drove a widespread risk-asset rally. Futures indicated additional gains heading into May 7.